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Rockstar Capital Acquires Ascend At Lakeview Multifamily In $50.4M Loan

Property Image
FINANCED
$50,400,000
Jonathan Zilber
Hannah Howard

Texas

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MultiFamily
Financed 06/16/2022
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Property Image
FINANCED

Rockstar Capital Acquires Ascend At Lakeview Multifamily In $50.4M Loan

18313 Fm 1093, Fulshear, Texas 77441, United States

See Similar Deals
MultiFamily
Financed 06/16/2022
Jonathan Zilber
Hannah Howard
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The transaction at 18313 Fm 1093 Rd in Ascend at Lakeview involved the acquisition of a multifamily property with 298 units. The loan amount for this transaction was $50,400,000. The loan terms were set at 3 years with a full term interest-only and non-recourse.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $50,400,000
  • Address: 18313 Fm 1093 Rd
  • Market: Ascend at Lakeview
  • Units: 298

The landlord for this property is Robert Martinez from Rockstar Capital. The brokers involved in the transaction were Hannah Howard and Jonathan Zilber from Meridian Capital Group.

Note from brokers: Class A

Players

Hannah Howard
Hannah Howard
16 deals$490M volume
BROKER
Jonathan Zilber
Walker & Dunlop
Jonathan Zilber
22 deals$1.1B volume(440) 298-2058
BROKER
Rockstar Capital
Rockstar Capital
LANDLORD

Details

FINANCED
IMAGE: Hannah Howard, Robert Martinez & Jonathan Zilber DATE: 06/16/2022 ADDRESS: 18313 Fm 1093 Rd MARKET: Ascend at Lakeview ASSET TYPE: Multifamily ~ UNITS: 298 LANDLORD: Robert Martinez - Rockstar Capital (@RockstarCapital) BROKERS: Hannah Howard (@Broker_Hannah_Howard) & Jonathan Zilber - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $50,400,000 LOAN TYPE: Acquisition LOAN TERMS: 3 year, full term io, non recourse NOTE FROM BROKERS: Class A

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,400,000.00

Monthly NOI$336,000.00
Monthly Debt Service$318,562.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00